Gamco and Gabelli buy more shares of Herley Industries

By Lisa Kerner

Charlotte, N.C., June 23 - Shareholders led by Gamco Asset Management Inc. and Gabelli Funds, LLC continued to invest in Herley Industries, Inc., purchasing 170,287 additional shares of the company's stock.

With the purchase of the shares between June 12 and June 20, Gamco and Gabelli upped their stake in Herley to 19.74%, from 18.49% on June 12.

A schedule 13D filing with the Securities and Exchange Commission said the shares were priced from $15.29 to $15.96 each.

In a June 5 SEC filing, Gamco and Gabelli reported the purchase of 135,900 shares of Herley between June 2 and June 11 priced from $13.99 to $16.22 each.

The reporting persons own approximately 2.66 million shares of the Lancaster, Pa.-based company.

Herley provides microwave radio frequency and millimeter wave components to defense and commercial customers.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.